L&T Bags One More Hefty Order
Biswajit Yadav / 27 Mar 2014
Construction major Larsen and Toubro today bagged a large scale order worth Rs 1981 crore. It is one of the biggest residential orders for the company in the current financial year. The project based in Bangalore is to be completed in 42 months.
Today Larsen & Toubro (L&T) is trading higher by 1.31% at Rs 1292 on BSE (2:20 PM) from its previous close (Rs 1275.20). Reason for such a higher trade can be attributed to the single largest residential order of Rs 1981 crore bagged by the company in Bangalore. The project is to be completed in 42 months. Till 13th March, 2014 the company has bagged total orders worth Rs 19993 crore. This depicts that inspite a sluggish economy the infrastructure business is doing well.
The orders received by L&T from 1st January 2014 to 27th March, 2014.
| Order Book from January to March (Figure in Rs/crore) | ||
|---|---|---|
| Date | Orders Received by L&T | Amount |
| 6th Jan | Construction | 2962 |
| 7th Jan | Power T&D | 690 |
| 16th Jan | Hydrocarbon | 1000 |
| 28th Feb | Construction | 5220 |
| 3rd Mar | Transportation | 1550 |
| 10th Mar | Construction | 2935 |
| 13th Mar | Transportation | 3655 |
| 27th Mar | Construction | 1981 |
| Total Order | 19993 | |
The above table shows that the company has bagged hefty orders from various business segments. The infrastructure segment is driven by building factories, power transmission and distribution, water & renewable energy business. The total order received by the company from 1st January to 27th March, 2014 is Rs 19993 crore as compared to Rs 21,722 crore during September to December 31, 2013.
| Order Book of L & T (Figure in Rs/crore) | |||
|---|---|---|---|
| Quarter | National | International | Total |
| December 31' 2013 | 13485 | 8237 | 21722 |
| March 27' 2014 | 14098 | 5895 | 19993 |
| Total | 27583 | 14132 | 41715 |
Senior Executive & Vice President of Infrastructure Division, S N Subrahmanyan said, "One of our key focus areas have been the growing potential in the residential sector and by winning these prestigious orders we have made significant roads in this space."
Looking at the huge domestic and international order inflows we expect the stock to perform well in future. More articles of L&T.
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